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HSBC HOLDINGS Launches USD4B Credit Facility to Support Global Expansion of Mainland Sustainable Development Enterprises
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HSBC HOLDINGS (00005.HK) launched a dedicated USD4 billion credit facility to support mainland enterprises engaged in sustainable development and transition technologies in their global expansion, including companies in clean power, data centers, electric vehicles (EVs) and artificial intelligence (AI).

Group research showed that global EV sales will breach 26 million units this year. Meanwhile, the International Energy Agency (IEA) estimated that electricity consumption by data centers could nearly double by 2030.

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